Australia: Northern muster in full swing; how will live-ex demand handle more supply?

Published 2024년 7월 16일

Tridge summary

The demand for Australian live cattle in Indonesia has recently declined due to full feedlots and reduced beef demand, although shipments for the first half of the year are higher than the past two years. June exports were slightly down from May, but the year-to-date figures suggest 2024 could surpass 2023's total. Indonesian importers had previously stocked up on cheaper Australian cattle, but demand has softened post-celebrations and due to economic conditions. The arrival of Indian buffalo beef and an upcoming presidential change in Indonesia are also influencing factors. Despite these challenges, industry leaders remain optimistic about future demand, supported by strong seasonal conditions and a stable demand from Vietnam. Analysts project stronger demand from Indonesia in 2024, driven by economic recovery and a reduced domestic cattle population, though inflation and competition from Indian buffalo meat remain challenges.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Demand from Australia's largest live cattle market, Indonesia, has fallen away in the past month on account of full feedlots and softening demand for beef. However, volumes shipped for the first half of this year are still above the past two years and industry leaders are confident there will be good markets for what is expected to be additional northern cattle supply coming online this year. The latest government figures show Australian cattle exports totalled 71,421 in June, which was slightly down on the May figures but puts the year-to-date figure at more than 360,000 head, which would indicate 2004 is on track to be a bigger trading year than 2023, when 673,630, were shipped. That in itself was a 12.3 per cent increase on 2022. Numbers in June to Indonesia were still strong, however exporters report since the end of the month, there has been some hesitancy from the Indonesian side. Queensland Livestock Exporters Association president Greg Pankhurst said numbers on feed in ...

Source: Farmweekly